Gold sideways story continues with recent wave counts are unfolding into probable corrective waves since the lows formed at $1187/88 levels. If Wave C is already in progress, prices would probably stay above $1193 levels, and Gold could continue higher as a potential ending diagonal structure for Wave C. In this case, we can expect the next stop for Gold -0.28%...
USDJPY approaching resistance at 112.17 (100% Fibonacci extension x2, 76.4% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 111.28 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
NZDJPY is approaching its resistance at 74.13(61.8% Fibonacci extension x2, 38.2%, 61.8% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 73.15 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
Sell below 74.13. Stop loss 74.47. Take profit at 73.15. Reason for the trading strategy (technically): NZDJPY is approaching its resistance at 74.13(61.8% Fibonacci extension x2, 38.2%, 61.8% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 73.15 (50% Fibonacci retracement, horizontal overlap...
The Tidal Shift Strategy has just sold EURAUD at 1.62477. The system recommends entering this trade at any price between 1.62274 and 1.6268. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -4.45356, which suggests that the EURAUD could be trending downwards.The 14-period...
EURUSD is approaching its support at 1.1607 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.1672 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching its support at 2.8% where a corresponding bounce could occur.
EURCHF is approaching its support at 1.1244 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 1.1303 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is testing its support at 1.91% where a corresponding bounce could occur.
The EURUSD short term wave structure is getting quite clear as each trading session passes. The pair has inched higher and hit 1.1700 levels yesterday before slight pullback. Going forward, bulls could be expected to remain in control and a safe trading strategy could be to buy on dips. We just want to highlight the alternate wave count/structure, if Wave B is...
NZDJPY is approaching its resistance at 74.11 (61.8% Fibonacci extensionx2, 61.8%, 23.6%, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 73.11 (50% Fibonacci retracement, horizontal overlap support). Stochastic (89, 5, 3) is also approaching its resistance at 98% where a corresponding reversal could occur.
lets test 0.38 FIBO LVL i would not go short if it bounces up again from 0.38 but if it break it - expect 0.5,eventualy 0.618 ( pay attention of testing ressistance at 0.236 ) do not chase trade let the trade come to you
Gold hourly story has been bullish after printing lows at $1188 levels recently. The yellow metal is seen to be trading around $1205 levels at this point in writing and could be pushing higher towards $1250/70 levels as well. Please note that Gold has bounced off the fibonacci 0.382 support of the earlier rally between $1160 and $1215 levels. It is safe to assume...
The US Dollar Index hourly chart is suggesting that the index might still be unfolding Wave B (potential remains to either test 95.70 levels or print higher towards 96.00), before resuming its journey lower again. The corrective wave seems to be taking mire time to carve a potential top for Wave B termination and it might be unfolding into a zigzag . Overall, the...
FXCM PLUS Trading Signals The Tidal Shift Strategy has just bought USDJPY at 111.518. The system recommends entering this trade at any price between 111.39 and 111.646. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.054, which suggests that the USDJPY could be trending...
FXCM PLUS Trading Signals The Tidal Shift Strategy has just bought EURJPY at 129.33. The system recommends entering this trade at any price between 129.107 and 129.553. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.62, which suggests that the EURJPY could be trending...
FXCM PLUS Trading Signals The Tidal Shift Strategy has just bought CHFJPY at 114.756. The system recommends entering this trade at any price between 114.594 and 114.918. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -3.733, which suggests that the CHFJPY could be trending...
Is it time to go long , price went too low watch for breaking trend line for go long or buy from position right now with low risk
FXCM PLUS Trading Signals The Breakout Opportunities system has just sold GBPJPY at 143.094. The system recommends entering this trade at any price between 142.834 and 143.41. The signal was issued because the GBPJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.269, suggesting that the GBPJPY may have further to fall. A stop loss has...
The US Dollar Index 0.02% hourly story is suggesting that the recent rally on Friday may push it higher towards 96.00 levels before finding strong resistance again. There is no certainty of the above though, but a possibility cannot be ruled out. Please note that fibonacci 0.618 resistance is also seen at 96.00 levels and we can expect a bearish reaction if prices...